For Sale: Minneapolis MLS# 7104031
Active
$865,000
Multi-family: Duplex Up and Down
6 br • 2 ba • Built 1923
3,864 sqft • 0.12 acres
Minneapolis schools
MLS# 7104031
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Property Description
Exceptional opportunity to own a beautifully updated duplex in the heart of the Lynnhurst neighborhood, just blocks from Lake Harriet! Whether you're looking to expand your investment portfolio or secure a premium owner-occupied opportunity, this duplex combines timeless character with extensive capital improvements in one of Southwest Minneapolis' most sought-after locations! Each unit offers approximately 1, 288 finished square feet with three bedrooms and one full bathroom (the upper-level third bedroom is currently configured as an office). Additionally, each unit is served by its own boiler, providing independent heat and added convenience for both owners and tenants. The upper unit also features a beautifully remodeled kitchen and bathroom, central air conditioning, abundant natural light, and a bright sunroom. Additional highlights include an insulated detached three-stall garage (two for the upper unit, and one for the lower unit), finished shared laundry area, and owned solar panels. Current ownership has invested over six figures into these updates, which additionally include a brand-new sewer line, new A/C condenser, finished basement laundry area, and complete exterior painting makeover. The lower unit is leased at $2, 495/month through July 31, 2027, and the upper unit is leased at $2, 900/month through September 30, 2026 (vacating then). Reach out with any questions, or to schedule a tour!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$865,000
Price per sq ft:
$224
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
3
County:
Hennepin
Year Built:
1923
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55419
Neighborhood/Area:
49
Subdivision Name:
Thornton Park 2nd Div
Interior
Bedrooms:
6
Bathrooms:
2
Finished Area:
3,864 ft2
Living Area:
3,864 ft2
Refrigerators:
Two
Basement Details:
Block
Exterior
Stories:
Two
Garage Spaces:
3
Garage Size:
960 ft2
Foundation Size:
1,288 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
Detached Garage
Roof Details:
Asphalt
Rooms
Laundry:
- Common Area
- In Basement
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.12
Geolocation:
44.912102, -93.307055
Lot Dimensions:
40' x 129'
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$10,858
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$10,858
Income
Annual Gross Income:
None
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Compass.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.